Is bitcoin used by criminals ?

[play1ife]

YES, of course. Because all  transactions are anonymous and no one can see what is your identity.
Criminals are also aiming bitcoin for their transaction to be safe and easy because bitcoin money can be transferred very fast and less hustle with out worrying that it might be lost.

[rasp]

I've read an article in which hitmans, trackers, and hackers are payed with Bitcoins, and is also used for illegal transactions especially underneath the surface web. But do keep in mind that this also happens in all types of currencies.

[TheSmo]

The paradox of crypto currency is that the data associated with it create an indelible mark that can suddenly make your financial history public. Since the data of the block is publicly available, Bitcoin's anonymity is more appropriately called pseudonymity. The username is replaced with the crypto currency purse address and until some point it can be considered secure, but as soon as the connection between the name and any used address is established - the whole history of transactions across the entire user address chain becomes open.

[xbudahx]

Yeah, I think some are using bitcoin in doing illegal activity like drug trade, human trafficking and the like. Crypto currency is also being used by some in doing investment scams wherein they promise that your investment will grow faster. At first they will pay you but when you invest more btc its time for them to run away your money.

[pealr12]

Yes, most likely bitcoin is used in illegal trades and other probihited transcations that cant be done in banks,  because bitcoin is anonymous transaction is hard to trace  like who is the sender and the reciever.

[golem999]

in my opinion, Bitcoin digital currency appears as a favorite tool for hackers to pay ransom. The reason is simple to accept Bitcoin anywhere in the world without revealing its identity. For criminals, this makes Bitcoin more interesting than some other systems. 

[Sayed Rifat]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

There is often public misconception that Bitcoin is mostly used by criminals, but nothing could be further from the truth. This is mainly because many people think Bitcoin is anonymous, when in fact it’s the opposite - all Bitcoin transactions are transparent for the whole world to see. People might not be able to link the identity to Bitcoin right away (that is also why it is sometimes called ‘pseudo anonymous’), but once they do, they can track everything you’ve ever done on the Bitcoin network. This makes it a particularly bad tool for illicit use.

[reality18]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

Bitcoin being a cryptocurrency can be used as a medium of exchange by anyone on the internet but that doesn't make it a tool for criminals. What then can you make of hackers and terrorists using fiat money? The issue is the same. Bitcoin is just serving it purpose as a cryptocurrency.

[ooeygooeygold]

We are now enjoying the latest trend in online transaction,  it makes our life more easy because of bitcoin we can transfer our money easily.  Of course,  criminals maybe doing the same thing,  even if they are criminals they are still human that can adopt the latest trend.

[Lannie25]

 Unfortuantely yes, they used bitcoin in their fraudulent transactions such as illegal drugs, human trafficking, illegal equipments, crimes and etc. through this the image of bitcoin is quite be ruined by the other people.

[alexsandria]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

We can’t really control who uses bitcoin. Everyone is anonymous and untraceable. Bitcoin just creates another world. I think this why other people also thinks that bitcoin is not good. It is because it’s accessible and can be used by anyone. Luckily this type of forums lessens this type of users by not allowing illegal transactions.

[mininglegend1234]

Yeah, I think some are using bitcoin in doing illegal activity like drug trade, human trafficking and the like. Crypto currency is also being used by some in doing investment scams wherein they promise that your investment will grow faster. At first they will pay you but when you invest more btc its time for them to run away your money.

No dount it is an easy way but also cash is often used for criminal acts, I think bitcoin is just a medium to easily transfer money from one person to another without the large fees charged, yet many people commit crimes choose bitcoin because of the anonymous nature of bitcoin so the identity of the receiver and the recipient can not be known, this makes it difficult for the authorities to investigate.

[WakinXXX]

Always yes! Payments without control prognoses criminal thinks.  That’s why “big dad yes” used crypto trusactions to cann’t Be catched !

[Jaky]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet.begitu also with bitcoin which also used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

There have been a lot of instances wherein Bitcoins were used for Frauds etc. You can actually check the Scam Accusations and Reputation section of this forum to see the ways of how they utilize cryptocurrency to get money. Since Bitcoin transactions is irreversible, it's easy for them to get the money and just run away. There is no way for governments to go after the criminal since it's not yet regulated in some countries.

I think this is part of the fake new.. Why do you think terrorist will use Bitcoin and make time for this kind is there busy with their terorist plans.. Though i really don't know  But to think we can't really control whats beyond our reach and its not imposible that they can use btc by terrorist, drug dealer, elligal trafficing etc.. Couse its still money and power we're talking about here.. I guess it might be true...

[|Bitkoin|]

Is cash used by criminals? Yes. Are you going to stop using cash now?  I don't think so. So why are you picking just Bitcoin out of every currency. Just cause you became influenced by a media article doesn't means that Bitcoin is less valuable now.

[faithupgrade]

Bitcoin is also used by criminals because its easy to remove the trace from the blockchain. Criminals can use a Bitcoin mixers to remove the trail. Not just by criminals also used to fund the terrorist. We cannot prevent this because crypto is decentralized. All we can do is to become responsible.

[ice098]

Yeah, I think some are using bitcoin in doing illegal activity like drug trade, human trafficking and the like. Crypto currency is also being used by some in doing investment scams wherein they promise that your investment will grow faster. At first they will pay you but when you invest more btc its time for them to run away your money.

No dount it is an easy way but also cash is often used for criminal acts, I think bitcoin is just a medium to easily transfer money from one person to another without the large fees charged, yet many people commit crimes choose bitcoin because of the anonymous nature of bitcoin so the identity of the receiver and the recipient can not be known, this makes it difficult for the authorities to investigate.

Yes bitcoin used by criminals. Bitcoin can be used for transaction anonymously, so that the criminals are using that for their transction, selling illegal drugs, weapons, and many more. Thats one of the reasons why government hate it, because of its ability to be used anonymously. It depends on us if we will used it for good things or used it for bad things.

[MakLampir]

Remember that bitcoin is digital currency and anyone can earn it and can buy it anywhere. So there is no doubt that criminal can't used bitcoin. Everyone can used bitcoin. It depend on the user of bitcoin that for which purpose he want to used their bitcoins. There is no mistake of bitcoin. I advise to all people to used your money for good work not for bad. As we all need development and that will be possible when we can create peace through out the world.

[KnightElite]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

Some of them are using bitcoins! There are many news about criminals that are using bitcoins who caught by the police. They say that the criminality is increases because of the digital currencies.

[brainryan]

In fact, we need to objectively recognize that we can not demand a perfect technology and meet all the needs of consumers from any purpose. That is very unlikely. Bitcoin has brought convenience and efficiency to life, society by transparency and fairness. Of course, those characteristics of bitcoin are being exploited as a tool for criminal organizations with frenzied thoughts about crimes. It can happen in society and is very difficult to control and manage.